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Make the idea known to the lender BEFORE you proceed. get it claer what is to happen.

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โˆ™ 2015-07-15 19:31:25
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Q: If the cobuyer of a vehicle that was repossessed is going to reclaim the vehicle how does he get a clear Texas title without the other's name on it?
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Can a vehicle that is without a lienholder be repossessed by a company before a lien is filed?

No


As a cosigner can you have a vehicle repossessed without affecting the cosigner credit rating?

Nope.


Could a vehicle be repossessed without a written contract?

potentially, yes; consult a lawyer


Can you be charged to retrieve your personal items of a reposed vechile in Nevada?

Most impounding agencies charge a storage fee for items left in a repossessed vehicle. The usual amount of time the person has to reclaim their possessions in such a situation without having to pay such fees is 3-5 business days.


Can a car be repossessed in California without a lien being placed on the title?

IF the loan is perfected, it can be repossessed. If you have signed a loan contract with the vehicle specified as collateral for that loan, it can be reepossessed if the loan is in default.


Does a finance company need a license in Ohio to retail a repossessed vehicle?

No, there is an exemption under Ohio law that permits finace companies to dispose of repossessed vehicle without a dealers license. Sale and title work is the same as a casual sale between individuals. No, there is an exemption under Ohio law that permits finace companies to dispose of repossessed vehicle without a dealers license. Sale and title work is the same as a casual sale between individuals.


If your car is going to be repossessed is it legal for you to sell it before the actual repossession?

Not without permission of the lender. A vehicle cannot be sold without a clear title of ownership. The lender is named on the title of a vehicle as the "lienholder" until the vehicle is paid for or otherwise released by the lienholder.


Can i charge for getting your own things from a repossessed car?

You can only repossess the car, you do not also gain possession of anything else that happened to be stored in the car, and the owner of those items is legally entitled to reclaim them without charge.


Can a repossession agent take a car without telling you where it's being held?

Yes. When the vehicle is repossessed it no longer belongs to you and there is no requirement to tell you where it will be stored.


Can a vehicle still be repossessed if written off?

Yes most likely. If the lender is still on the title, if not then they cannot, without some sort of court order.


What happens if one co-buyer of a vehicle lets the car get repossessed and moves abroad without paying the deficiency?

The other co-owner or cosigner will be responsible for the debt.


If you are unemployed drawing unemployment insurance and your vehicle is repossessed can the lender go after home and property you own in order to receive the balance of the vehicle?

NO! Not without a court order granting them that action. Taking anything that was not covered in the contract would be conversion.

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